Jarir Bookstore adds new Riyadh showroom worth SAR 70 mln

26/05/2015 Argaam

Jarir Bookstore opened on Monday a new branch in Riyadh with a total investment of SAR 70 million, bringing the total number of its showrooms in Saudi Arabia to 33 and 38 in GCC countries, the company said in a statement to Tadawul.

 

Abdulkarim Al Agil, CEO of Jarir Marketing Company, said that Jarir owns the land on which the showroom was built.

 

The move is part of the company’s strategic expansion plans. Financial impact will appear in second quarter results.

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